I sit on a number of community boards, each having their own mission, their own risk profiles, their own compliance requirements. Whilst each has company Director's and Officer's Insurance with good coverage, each has its own exclusions and coverage limits.
Directors' and Officers' responsibilities are a complex area. Community service is important to me and I am busy. I want to make sure I am personally protected and have purchased the Imalia Individual Director D&O cover for additional peace of mind. This is why Imalia is offering it because we believe strongly in the notion of giving back. My Personal Director's Cover (Passport D&O) through Imalia is your individual insurance that travels with you across all your Boards, giving you a last line of defence protection in your professional and community life. It applies to each board position you currently hold or have held in the past, on any private or unlisted public company, not-for-profit, community or sporting organisation.
My Personal Director's Cover (Passport D&O) sits above the corporate Directors’ & Officers’ policies purchased by organisations. If the organisation (where you hold a board position) refuses to pay, is unable to pay under the company’s Directors‘ & Officers‘ or Management Liability Policy, or is financially unable to indemnify you, then Passport D&O will provide you, as an individual with added cover (subject to the terms and conditions of the policy).
Imalia's My Personal Director's Cover (Passport D&O) is quick to buy and excellent value. As a Women on Boards member, you also got a 30% discount. The detailed terms and conditions are here on the Imalia website including the policy wording, Financial Services Guide and other information. It's worth taking a look.
Find out more about Imalia's My Personal Director's Cover.
If you are inspired and would like to join the revolutionary movement that we are creating, you can request to join our Facebook group The Wolfpack, to share ideas and learn from other like-minded women.